Harel Insurance Investments & Financial Services Ltd. purchased a new position in shares of Healthcare Trust of America, Inc. (NYSE:HTA – Get Rating) in the first quarter, Holdings Channel.com reports. The institutional investor purchased 1,200 shares of the real estate investment trust's stock, valued at approximately $38,000.
A number of other hedge funds have also made changes to their positions in the stock. CIBC Asset Management Inc boosted its holdings in Healthcare Trust of America by 4.2% in the fourth quarter. CIBC Asset Management Inc now owns 8,620 shares of the real estate investment trust's stock worth $288,000 after purchasing an additional 349 shares during the period. Jeppson Wealth Management LLC boosted its holdings in Healthcare Trust of America by 2.0% in the first quarter. Jeppson Wealth Management LLC now owns 17,965 shares of the real estate investment trust's stock worth $563,000 after purchasing an additional 350 shares during the period. First Republic Investment Management Inc. boosted its holdings in Healthcare Trust of America by 1.9% in the fourth quarter. First Republic Investment Management Inc. now owns 20,631 shares of the real estate investment trust's stock worth $689,000 after purchasing an additional 387 shares during the period. Neo Ivy Capital Management boosted its holdings in Healthcare Trust of America by 5.0% in the fourth quarter. Neo Ivy Capital Management now owns 9,945 shares of the real estate investment trust's stock worth $332,000 after purchasing an additional 471 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in Healthcare Trust of America by 0.4% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 116,011 shares of the real estate investment trust's stock worth $3,636,000 after purchasing an additional 495 shares during the period.
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Healthcare Trust of America Price Performance
Shares of NYSE HTA opened at $29.19 on Tuesday. Healthcare Trust of America, Inc. has a fifty-two week low of $26.52 and a fifty-two week high of $34.83. The firm's 50-day simple moving average is $28.85 and its 200 day simple moving average is $30.39. The company has a quick ratio of 2.20, a current ratio of 2.20 and a debt-to-equity ratio of 0.93. The stock has a market cap of $6.69 billion, a P/E ratio of 69.50 and a beta of 0.63.
Healthcare Trust of America Increases Dividend
The business also recently disclosed a dividend, which will be paid on Wednesday, July 27th. Investors of record on Tuesday, July 19th will be paid a dividend of $4.82 per share. This is a boost from Healthcare Trust of America's previous dividend of $0.03. The ex-dividend date of this dividend is Thursday, July 21st. Healthcare Trust of America's payout ratio is currently 316.67%.
Wall Street Analysts Forecast Growth
A number of research firms have commented on HTA. Berenberg Bank raised shares of Healthcare Trust of America from a "hold" rating to a "buy" rating and decreased their price objective for the stock from $37.00 to $34.00 in a report on Tuesday, May 10th. Truist Financial decreased their price objective on shares of Healthcare Trust of America from $31.00 to $28.00 in a report on Monday, July 11th. Finally, StockNews.com downgraded shares of Healthcare Trust of America from a "hold" rating to a "sell" rating in a report on Monday, July 18th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $33.00.
About Healthcare Trust of America
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Healthcare Trust of America, Inc (NYSE: HTA) is the largest dedicated owner and operator of MOBs in the United States, comprising approximately 25.1 million square feet of GLA, with $7.4 billion invested primarily in MOBs. HTA provides real estate infrastructure for the integrated delivery of healthcare services in highly-desirable locations.
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Want to see what other hedge funds are holding HTA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Healthcare Trust of America, Inc. (NYSE:HTA – Get Rating).
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